For Conniston Middle School teachers Areceli and Alberto Ramirez, the advantage of not being able to afford a house during the boom is snapping up a bargain during the bust.
The couple bought a three-bedroom, two-bath home in Wellington last month for $215,000. A few years ago, it would have cost about $330,000, according to their Realtor.
“It was a great deal,” Alberto said of the home in Lakeview of the Landings.
So was the $8,000 check they received from the federal government as first-time home buyers (see box on Page 8A), part of February’s federal housing rescue plan.
“We used it to buy furniture,” Alberto said.
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